Farther Finance Advisors LLC Has $492,000 Position in Pool Co. (NASDAQ:POOL)

Farther Finance Advisors LLC lowered its position in Pool Co. (NASDAQ:POOL) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,442 shares of the specialty retailer’s stock after selling 92 shares during the quarter. Farther Finance Advisors LLC’s holdings in Pool were worth $492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in POOL. Berkshire Hathaway Inc bought a new stake in Pool in the third quarter valued at approximately $152,249,000. Raymond James Financial Inc. bought a new stake in Pool in the fourth quarter valued at approximately $116,833,000. JPMorgan Chase & Co. boosted its holdings in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Pool in the third quarter valued at approximately $40,750,000. Finally, Lord Abbett & CO. LLC boosted its holdings in Pool by 44.3% in the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after acquiring an additional 66,791 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on POOL shares. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company reduced their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $368.00.

Insider Transactions at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

Pool Price Performance

Pool stock opened at $327.21 on Monday. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.03 and a beta of 1.05. Pool Co. has a 52-week low of $293.51 and a 52-week high of $420.98. The stock’s 50 day moving average price is $343.04 and its two-hundred day moving average price is $355.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. On average, equities analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Wednesday, March 12th. Pool’s payout ratio is 42.55%.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.